Defiance ETFs Debuts Battleshares TSLA vs F ETF, Pairing Tesla Upside with Ford Downside
New York, NY - Defiance ETFs has launched the groundbreaking Battleshares TSLA vs F ETF (TSLF), the inaugural fund in a series that pairs bullish leveraged bets on innovative companies with bearish ones on their traditional industry counterparts.
TSLF offers investors a unique opportunity to capitalize on the potential upside of electric car giant Tesla (TSLA) while hedging against potential declines in the shares of its legacy rival, Ford (F). The ETF provides 200% exposure to Tesla's upside and 100% exposure to any downside in Ford's shares.
"Pairs trades have been available to professional traders and institutions, but have never been accessible in an ETF," said Sylvia Jablonski, CEO of Defiance. "Battleshares ETFs will change that by matching bullish bets on new leaders like Tesla with bearish bets on legacy incumbents."
Defiance plans to expand the Battleshares lineup with additional ETFs pairing companies such as Nvidia with Intel, Coinbase with Wells Fargo, and Amazon with Macy's.
The TSLF ETF carries a management fee of 1.29%, which is higher than the industry average.
The launch of TSLF comes at a time of heightened interest in Tesla following recent news headlines involving CEO Elon Musk. "Tesla and Musk are dominating the news, making this an ideal product to test the concept of investing in the battles between innovators and incumbents," added Jablonski.